| Indorser Not Guarantor for Other Parties - Ucc 7-505.

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Effective: June 29, 2011

Latest Legislation: House Bill 9 - 129th General Assembly

Indorser not guarantor for other parties [UCC 7-505]

The indorsement of a tangible document of title issued by a bailee does not make the indorser liable for any default by the bailee or previous indorsers.


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